Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
TWCC Fines Carriers After Audits
May 23 2005 // The Texas Workers’ Compensation Commission completed audits of several insurance carriers for compliance with preauthorization processing requirements and for performance on retrospective review of medical bills for...
Fla. CFO Issues Warning: ‘Prepare Now for Hurricanes’
May 23 2005 // After an unprecedented hurricane season last year and experts predicting the formation of more than 13 named Atlantic storms this season, Florida’s Chief Financial Officer Tom Gallagher is issuing a warning to...
Old Rhode Island’s New Pawtucket: Big Plans to Stay Small
May 23 2005 // Investors Plan Small, Focused Writer of Homes, Including on Coasts, in Mass., R.I., N.Y. The investors in line to revitalize the 157-year old Pawtucket Mutual Insurance and its subsidiary Narragansett Bay Insurance...
The Nitty Gritty of Blue Collar Programs
May 23 2005 // Program Managers Working for the Working Class For some program administrators, blue is the color of money. While other insurance programs target lawyers, insurance agents and various white-collar occupations, some of the...
Gov. Bush Pledges to Sign SB1486; Insurers Uneasy About Its Provisions
May 23 2005 // Florida Gov. Jeb Bush pledged during the May 11 opening of the annual Governor’s Hurricane Conference at the Tampa Convention Center to sign and approve Senate Bill 1486, controversial legislation that consumer...
Watters Warns Mich. Docs of Bogus Med-Mal Insurer
May 23 2005 // Michigan Office of Financial and Insurance Services Commissioner Linda A. Watters recently issued a warning about a medical liability insurer called Professional Liability Insurance Co. She said in a statement that the...
FBI Targets Insurance in Probe of Carrier, Agent and PEO Practices
May 23 2005 // The insurance industry, already under scrutiny in some segments by state and federal authorities for various compensation, reinsurance, bid-rigging and accounting practices, now faces another questioner. The Federal Bureau...
TWCC FINES CARRIERS AFTER AUDITS
May 23 2005 // The Texas Workers’ Compensation Commission completed audits of several insurance carriers for compliance with preauthorization processing requirements and for performance on retrospective review of medical bills for...
Keeping Retention Rates High in a Softening Market
May 23 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
AGENTS MAKE CASE AGAINST TAX HIKE ON INSURERS
May 23 2005 // The Michigan Association of Insurance Agents said that Gov. Jennifer Granholm’s plan to revise the state’s Single Business Tax will penalize small businesses, diminish employment opportunities and raise...
PCI SAYS INSURERS SURVIVE COLORADO LEGISLATIVE SESSION:
May 23 2005 // At the conclusion of Colorado’s recent legislative session, PCI said that the insurance industry successfully worked to preserve Colorado’s stable marketplace. Colorado’s insurance scoring law, which is...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
INSURERS SEEK AMENDMENT TO NEV. ‘BLACK BOX’ BILL:
May 23 2005 // The Property Casualty Insurers Association of America said it is seeking an amendment to pending Nevada legislation that would provide insurance companies with post-accident access to information contained in “black...
Fla. OKs Funds to Fight PIP Fraud
May 23 2005 // Florida’s Chief Financial Officer Tom Gallagher thanked legislators for approving his request for funding to add more law enforcement investigators to fight PIP fraud and workers’ compensation fraud, and a...
Oklahoma’s Holland Sets High Standards for Insurance Department
May 23 2005 // Commissioner views agency as a resource for industry and consumers. Oklahoma Insurance Commissioner Kim Holland has been at her current job less than six months, but new to the insurance industry she’s not. A former...
AUTHOR PULLS BILL MANDATING CALIF. INSURER COMMUNITY INVESTMENTS:
May 23 2005 // The author of a California bill that would mandate insurer community development investments withdrew the bill from consideration for this legislative session. Assemblyman Mark Ridley-Thomas will not pursue AB 925 relating...
News Briefs
May 23 2005 // MASSACHUSETTS Safe Driver Plan Revised: Massachusetts Insurance Commissioner Julie M. Bowler has approved changes in the way drivers receive discounts and surcharges to their auto insurance policies based on their driving...
Keeping Retention Rates High in a Softening Market
May 23 2005 // The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose...
Excess Capital: Too Much of a Good Thing?
May 23 2005 // As capital accumulates on insurers’ balance sheets, carriers are figuring out what to do with it-if anything at all. The industry is flush with cash after a long hard market and lower corporate bond defaults....
Gov. Bush Pledges to Sign SB1486; Insurers Uneasy About Its Provisions
May 23 2005 // Florida Gov. Jeb Bush pledged during the May 11 opening of the annual Governor’s Hurricane Conference at the Tampa Convention Center to sign and approve Senate Bill 1486, controversial legislation that consumer...
